Future Group has three things going for it — a successful offline retail model that combines food and non-food profitably, the largest retail footprint across India, and its strength in apparel, general merchandise, luggage and footwear.

Further as per Biyani as the clothiers to the nation, the group is closely involved with the textile and footwear sector in the country and empathize with the challenges small and medium businesses face in this sector.

The acquisition will help Future Retail to expand its presence at airports, metro stations and universities where the majority of retail outlets of TNSI and TNSI Retail are operating, the company informed BSE in a regulatory filing.